1,649 Shares in RTX Corporation $RTX Bought by Flaharty Asset Management LLC

Key Points

• Flaharty Asset Management LLC has acquired 1,649 shares of RTX Corporation, valued at approximately $218,000, as part of their first-quarter investment strategy.
• Analysts have given RTX a consensus rating of "Moderate Buy", with several raising their price targets, including Citigroup and Morgan Stanley.
• RTX reported $1.56 earnings per share for the last quarter, exceeding analysts' expectations, with a revenue of $21.58 billion, up 9.4% from the previous year.

Flaharty Asset Management LLC purchased a new position in shares of RTX Corporation (NYSE:RTX - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,649 shares of the company's stock, valued at approximately $218,000.

Other large investors have also recently bought and sold shares of the company. Integrity Alliance LLC. lifted its stake in shares of RTX by 370.5% in the 1st quarter. Integrity Alliance LLC. now owns 58,124 shares of the company's stock worth $7,699,000 after acquiring an additional 45,770 shares during the period. Ransom Advisory Ltd acquired a new stake in shares of RTX in the 1st quarter worth $2,216,000. Glenview Trust co lifted its stake in shares of RTX by 0.9% in the 1st quarter. Glenview Trust co now owns 121,909 shares of the company's stock worth $16,148,000 after acquiring an additional 1,088 shares during the period. SageView Advisory Group LLC lifted its stake in shares of RTX by 9.7% in the 1st quarter. SageView Advisory Group LLC now owns 15,400 shares of the company's stock worth $2,040,000 after acquiring an additional 1,367 shares during the period. Finally, Advisory Alpha LLC lifted its stake in shares of RTX by 13.2% in the 1st quarter. Advisory Alpha LLC now owns 4,556 shares of the company's stock worth $603,000 after acquiring an additional 533 shares during the period. Institutional investors and hedge funds own 86.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on RTX shares. Jefferies Financial Group restated a "hold" rating on shares of RTX in a research note on Monday, July 21st. Citigroup raised their target price on shares of RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Sanford C. Bernstein restated a "market perform" rating on shares of RTX in a research note on Wednesday. Morgan Stanley increased their price target on shares of RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Finally, Susquehanna increased their price target on shares of RTX from $160.00 to $175.00 and gave the company a "positive" rating in a report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, RTX has a consensus rating of "Moderate Buy" and a consensus price target of $158.67.

Insider Activity at RTX

In other news, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the completion of the sale, the executive vice president directly owned 13,184 shares in the company, valued at $2,007,395.84. The trade was a 9.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the sale, the insider owned 17,684 shares of the company's stock, valued at approximately $2,790,888.88. This trade represents a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock valued at $8,947,010 in the last quarter. 0.15% of the stock is owned by corporate insiders.

RTX Stock Performance

Shares of RTX opened at $151.84 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The stock has a market cap of $203.24 billion, a P/E ratio of 33.37, a PEG ratio of 2.84 and a beta of 0.67. The company has a 50-day moving average of $153.99 and a two-hundred day moving average of $140.05. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $161.26.

RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. The company had revenue of $21.58 billion during the quarter, compared to analysts' expectations of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, research analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Friday, August 15th were given a dividend of $0.68 per share. The ex-dividend date was Friday, August 15th. This represents a $2.72 dividend on an annualized basis and a yield of 1.8%. RTX's payout ratio is presently 59.78%.

About RTX

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.

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